Archive for April, 2009

The Incredible Levitation of Stock Markets

Thursday, April 30th, 2009

I am not sure that stock prices ever bear much relation to the worldline that will ultimately play out over time, but the recent rally, now aged 55 days and counting, really highlights the fantasy world that typifies equity values (as so much else, but more on that later).  Recall that market indices made their […]


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